Lease option available. Great development & cash flow opportunity! Vacant (no TOPA!) 4-unit on a prime street in Trinidad.Â Â Each unit is a 2 Bedroom / 1Bath.Â Lease with option to purchase at a locked in price. Initially, the buyer only needs to pay the option fee and renovations.Â $5500/month for 8-12 years includes taxes and insurance!Â Â This building needs work throughout and is sold AS IS but was fully rented a year and a half ago.Â Current housing vouchers provide $2000/month per unit. The $8000 minimum projected gross income (Annual ROI = 20-30%). More if short term rental or ifÂ third level or rooftop is added (see 1230 Queen StÂ directly across the street). Rents and equity have steadily climbed.Â Â This building is also a perfect condo conversion opportunity with 2/1 condo comps selling over 600k!Â Gas & Electric separately metered. Fantastic location - within walking distance to Gallaudet University, Union Market, NOMA-Galludet Metro station, bustling H Street corridor, Union Station, Whole Foods, and the National Arboretum.
Listing Office: Arlington